EXEC: Inside the Integration of Helly Hansen with Parent KTB’s CEO and New President
EXEC: Daiwa Parent Posts Solid Fiscal Q1 Growth but Lowers H1 Profit Forecast
EXEC: New Johnson Outdoors CFO Talks Q3 Profit, Tariff Rebate, Operational Efficiencies
EXEC: Newell Outdoor & Rec Business Core Sales Grow for First Time in 4 Years
EXEC: Winchester Ammo Nails DD Q2 Sales Increase, Sets Higher Pricing, Absorbs Cuts
SGB Update
Solo Brands Narrows Q2 Net Loss on Build Toward More Disciplined Company
Company CEO John Larson said April and May started the quarter on a strong note, though direct-to-consumer demand softened in June as consumers remained selective in their discretionary spending.
Yeti Boosts FY EPS Outlook After Q2 Earnings Beat, Sales Climb 9 Percent
Yeti Holdings, Inc. raised its earnings guidance for the year after seeing second-quarter earnings arrive comfortably above analyst targets. Sales climbed 9 percent, led by a 16 percent hike in Coolers & Equipment sales and 19 percent international growth. Drinkware sales increased 2 percent.
Yeti Holdings Board pf Directors Bumps CEO Matt Reintjes to Chair
Robert K. Shearer, who was serving as independent chair of the Board, has transitioned to serve as lead independent director of the Board of Directors.
South Florida’s FB Marine Group Files for Bankruptcy
Fort Lauderdale-based Fastboats.com Sales Company, which does business as FB Marine Group, filed for Chapter 11 bankruptcy protection amid declining revenue and disputed lawsuit claims.
Redarc Electronics Hires NA OEM and Commercial Sales Leader
REDARC Electronics, which makes batteries for RVs and motorhomes, appointed Hilton Riggins as its new OEM and commercial sales leader for North America. His past experience include general manager at Redwood RV and regional sales manager with Tiffin Motorhomes and Heartland RV.
SGB Executive
EXEC: Inside the Integration of Helly Hansen with Parent KTB’s CEO and New President
In North America, KTB is creating two GMs to drive increased focus for the two business units at Helly, suggesting that they will replicate this globally over time. “This is something the Helly Hansen team has discussed for years, and under Kontoor, we are making it happen,” commented Kontoor Brands Chairman and CEO Scott Baxter.
EXEC: Daiwa Parent Posts Solid Fiscal Q1 Growth but Lowers H1 Profit Forecast
Globeride, Inc. reported that, in light of recent performance trends, a decision was recently made by the company’s Board of Directors to revise the financial results forecasts for the six months ending September 30.
EXEC: Czechoslovak Group’s CSG Ammo+ Segment’s Sales Slide 12 Percent in Half
The company reported sales in the CSG Ammo+ segment, which includes Vista Outdoor’s former Kinetic Group, slid 11.5 percent in the half, to €631 million ($723 million) from €713 million a year ago. CSG said the segment’s performance improved sequentially versus the first quarter.
EXEC: New Johnson Outdoors CFO Talks Q3 Profit, Tariff Rebate, Operational Efficiencies
“The tariff refund of approximately $15 million contributed to this improvement,” shared new company CFO Asad Rahman. “Excluding this benefit, gross margin would have been modestly lower than the prior year due to higher raw materials costs.
EXEC: Winchester Ammo Nails DD Q2 Sales Increase, Sets Higher Pricing, Absorbs Cuts
The Olin Corp. segment posted 11.8 percent growth in the second quarter, which was said to be was primarily due to higher commercial ammunition sales and higher military project revenue.
